A share price of GigaCloud Technology Inc [GCT] is currently trading at $32.00, up 5.19%. An important factor to consider is whether the stock is rising or falling in short-term value. The GCT shares have gain 8.29% over the last week, with a monthly amount glided 5.72%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
GigaCloud Technology Inc [NASDAQ: GCT] stock has seen the most recent analyst activity on May 22, 2024, when Maxim Group initiated its Buy rating and assigned the stock a price target of $69. Previously, ROTH MKM started tracking the stock with Buy rating on June 16, 2023, and set its price target to $13. On October 03, 2022, Aegis Capital initiated with a Buy rating and assigned a price target of $26 on the stock.
GigaCloud Technology Inc experienced fluctuations in its stock price throughout the past year between $6.70 and $45.18. GigaCloud Technology Inc [NASDAQ: GCT] shares were valued at $32.00 at the most recent close of the market.
Analyzing the GCT fundamentals
Trailing Twelve Months sales for GigaCloud Technology Inc [NASDAQ:GCT] were 827.11M which represents 96.47% growth. Gross Profit Margin for this corporation currently stands at 0.27% with Operating Profit Margin at 0.16%, Pretax Profit Margin comes in at 0.16%, and Net Profit Margin reading is 0.13%. To continue investigating profitability, this company’s Return on Assets is posted at 0.11, Equity is 0.39 and Total Capital is 0.18. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.48.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 30.55 points at the first support level, and at 29.09 for the second support level. However, for the 1st resistance point, the stock is sitting at 32.77, and for the 2nd resistance point, it is at 33.53.
Ratios To Look Out For
To put it in perspective, the Current Ratio for GigaCloud Technology Inc [NASDAQ:GCT] is 1.83. On the other hand, the Quick Ratio is 1.09, and the Cash Ratio is 0.74. Considering the valuation of this stock, the price to sales ratio is 1.57, the price to book ratio is 4.11 and price to earnings (TTM) ratio is 12.43.
Transactions by insiders
Recent insider trading involved Lin Frank Hurst, Director, that happened on Jun 28 ’24 when 0.15 million shares were sold. Director, Lin Frank Hurst completed a deal on Jun 27 ’24 to sell 93211.0 shares. Meanwhile, President SCHROCK IMAN AJ sold 5000.0 shares on Jun 27 ’24.
